steve--
even you have to admit that you have been a little too adamant about detailing the negatives.
as a side note, that article on cable modem security is crap. yes, it is not a big deal right now, but it isnt a big deal because cable ISPs arent a big deal. i question the 1.1 mm subscriber #. it seems mucho high. cable penetration is only about 65 million homes, only 10% of those have HFC. i just dont see close to 20% of those using data service. now, 200-300k i can believe. but i digress, back to the security issues.
DES encryption is pretty much dead. if they are serious about protection, they should be using RSA or something even harder. plus, all that speed you get from cable modems is going to be cut dramatically when you have to decrypt and encrypt all the data. cable has some very serious drawbacks that few seem willing to discuss. in real world situations, xDSL is going to be the winner. i think its kind of funny that after all these years, daisy chaining is being considered advanced telecom.
as for valuations, it is going to be valued on contracts, not yearly sales. in addition, the deal will be based on market perce[ption, etc. in other words, mergers arent cheap and there is no way WSTL will go for less than 30. it has been to higher than that, will likely revisit it, and the valuation for the company at that level is not all that high in terms of current M&A activity.
8-9/share? come on steve!!!!!
thansk for the post about the halo thing. also, take a look at what al haigs son is doing on the east coast. very interesting.
good luck to all,
trey |
